The industrial crystallizers market has grown robustly, rising from $3.88 billion in 2023 to $4.13 billion in 2024, with a CAGR of 6.4%. Growth is attributed to infrastructure development, globalization, and environmental concerns. The market is expected to grow to $5.3 billion by 2028, with a CAGR of 6.4%. Key growth drivers include Industry 4.0 integration, evolving regulations, and sustainable production. Major trends are customization, green solvents, and precision crystallization.
Major Driver In The Industrial Crystallizers Market
The anticipated growth of the industrial crystallizers market is driven by the expanding manufacturing industries. These industries encompass activities that involve the conversion of various materials and include tasks related to industrial equipment maintenance, installation, and subcontracting operations. The widespread utilization of crystallizers within manufacturing industries is on the rise due to their diverse applications across industrial chemicals, food chemicals, pharmaceuticals, and cosmetics. Notably, in April 2022, a Goldman Sachs report highlighted a substantial increase in new investments and ordering activity, with the manufacturing sector experiencing a remarkable 200% growth compared to 2020-21. Thus, the surging manufacturing industries are a key factor propelling the industrial crystallizers market, with the market size projected to be [2023 Market Size] in 2023, followed by [2024 Market Size] and [2028 Market Size] in 2024 and 2028, respectively.
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Industrial Crystallizers Market Competitive Landscape
SUEZ Water Technologies & Solutions, Sumitomo Heavy Industries Ltd., GEA Group AG, Alfa Laval AB, Conair, Sulzer Ltd., NOVATEC, Fives Group, SPX Flow Inc., Piovan S.p.A., Bucher Industries AG, Alaqua Inc., Hosokawa Micron Corporation, Veolia Water Technologies, Pfaudler Group, Ebner GmbH & Co. Kg, Praj Industries Ltd., Anssen Metallurgy Group Co., Dedert Corporation, Moretto SPA, Technoforce, Heinkel Group, Boardman, Swenson Technology Inc., Vobis LLC, Condorchem Envitech, Tsukishima Kikai Co. Ltd., Motan Colortronic, AB FASA, Ashoka Machine Tools, Bepex International LLC, Comber Process Technology S.r.l., Crystal Engineering Srl, Changzhou Lemar Drying Engineering Co. Ltd., North Star Engineered Products, Meissner Filtration Products, TEMA Process B.V., Mech-Chem Associates Inc., Fluid Air Inc., Powder Systems Limited (PSL), Chem Process Systems, Vogt Ice LLC, LARSSON Sweden AB, John Zink Hamworthy Combustion, Nutsche Filter - Agitated Nutsche Filter Dryer, HRS Process Systems Limited, Moffitt Corporation, Advanced Drying Systems
Key Industrial Crystallizers Market Trend
Major companies operating in the industrial crystallizers market are focused on developing advanced technologies to sustain their position in the industrial crystallizers market. For instance, in April 2022, Technobis Crystallization Systems, a Netherlands-based company engaged in crystallization technology, launched the Crystal16 V3. It is a multi-reactor crystallizer for medium throughput solubility. This version incorporates transmissivity technology and better analytical capabilities in a simplified unibody design, reducing the time and money spent on crystallization experiments and analysis. The unique features of Crystal16 V3 include incorporating improved in-line analytical functions and new software capabilities, Scientists readily establish clear and cloud sites using integrated transmissivity technology, resulting in solubility data and metastable zone width at an early stage. Solubility curves for four solvents may be constructed in four hours using less than 100 mg of material a 20-fold reduction in material required in prior Crystal16 models.
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Industrial Crystallizers Market Segmentation
The industrial crystallizers market covered in this report is segmented –
1) By Type: Cooling Crystallizers, Evaporative Crystallizers, DTB Crystallizer, Other Types
2) By Process : Continuous, Batch
3) By End-Use Industry: Pharmaceutical, Agrochemical, Metal And Mineral, Food And Beverage, Chemical, Wastewater Treatment, Other End Use Industries
By Geography:The regions covered in the industrial crystallizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the industrial crystallizers market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial crystallizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Industrial Crystallizers Global Market Report 2024 furnishes information about the global industrial crystallizers market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
